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Business Contract Hire

Business contract hire will meet your needs:

Have you ever treated your car as a business partner or work colleague?
Considering your car may create the first, last or most memorable impression of any business meeting you have, then perhaps you should start giving your car the recognition it deserves.
Creating the right impression with your customers for your company fulfills a need. If the impression is positive then your personal 'tuning in' with a customer becomes easier.
Discussing business is secondary to establishing a mutually beneficial relationship with someone.
Business contract hire allows you to choose a car in the same way you might conduct an interview or consider a CV or a a business poposal.
The best people to employ are those who will be loyal and will work hard and go the extra mile when its needed - they are not the one's who write the best reports or say yes to every demand. They are often the one's who can turn a meeting around with a smile or a different perspective, they may look a little different or behave in a manner that sets them apart from the crowd - they stand out for positive reasons, even if you can't quite expain why. You seem to know that they have much more to offer if needed or when called upon, especially at crucial moments - they are almost too good for the job.
This should be the same with your car . . .

Business contract hire allows you to drive the kind of car that speaks to your customers. Such a car provides a talking point, an ice breaker and an admiring nod when you say goodbye in the car park - those extra few moments can make all the difference. The car you drive speaks to your customers and if it 'arouses' the right people at the right time then it can be a good business partner.

Business contract hire from someone that understands.

Anthony K can act as a 'recruitment specialist' and support your desire to meet your future working partner.
We have some very talented executives on our list and they have a reputation for dropping jaws, breaking ice, and making people smile.
Contact Rob Nugent for specific details, and possibly a 1:1 meeting and test drive.

Business contract hire is a simple and cost effective way to fund any number of vehicles

Business Contract Hire, sometimes referred to as an Operating Lease, is a long term rental agreement. Contracts range from 12 to 60 months and are tailored to the businesses requirements.

Advantages of business contract hire:

  • Minimum capital expenditure
  • Accurate monthly budgeting
  • Improved cash flow
  • Fixed interest rates
  • Rentals can be offset against the businesses profits. Cars with a CO2 output above 130g/km are currently subject to a 15% disallowance on the amount of the rental that can be claimed against the businesses taxation, for business contract-hired cars with a CO2 output of 130g/km or below, there is currently no disallowance.
  • Reduced administration
  • On-going advice and support
  • Road Fund Licence provided (vehicle excise duty paid) for duration of contract
  • Optional maintenance package
  • Optional breakdown rescue cover
  • Optional replacement vehicle cover in event of breakdown
  • Optional GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company

Disadvantages of business contract hire:

  • Early termination can be expensive
  • If you do more miles than stated in your contract you will be charged excess mileage for each mile over that stated in your contract
  • You must look after the vehicle and return it in a well maintained condition otherwise you will be charged for any damage over and above that stated in the 'Fair Wear and Tear Guide'
  • You must have fully comprehensive vehicle insurance
  • You will never own the vehicle as there is no option to buy it

More Information on Business Contract Hire:

The Contract Hire Company reclaims the VAT on the original purchase, which reduces your monthly rentals (which are + VAT). Contract Hire is a very popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use, no exempt turnover and not being on the Flat Rate VAT Scheme).

On contracts with maintenance the VAT on the service element is 100% recoverable. One of the major benefits is that there are no disposal worries as the future value is underwritten by the leasing company. Another benefit of Contract Hire is that it is generally 'off balance sheet funding' (subject to legislation change) which means it can improve your gearing ratio (assets to borrowing ratio) and therefore possibly your borrowing ability in the future.

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